Untitled - Saxo World

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CAPITAL statementAT 31 DECEMBERSaxo Bank Group(DKK 1,000)SharecapitalProposeddividendRetainedearningsMinorityinterests TotalEquity 1 January 2008 58,982 90,832 943,237 - 1,093,051Net profit for the year - - 339,217 - 339,217Exchange rate adjustments - - 24,231 - 24,231Dividend paid for 2007 - (90,832) - - (90,832)Warrants - - 21,500 - 21,500Increase in share capital 186 - 29,368 - 29,554Equity 31 December 2008 59,168 - 1,357,553 - 1,416,721Net profit for the year - - 201,586 (235) 201,351Exchange rate adjustments - - 42,348 - 42,348Hedge of net investments in subsidiaries, net of tax - - 2,340 - 2,340Acquisition - - - 10,355 10,355Warrants - - 17,500 - 17,500Increase in share capital 7,345 - 637,143 - 644,488Equity 31 December 2009 66,513 - 2,258,470 10,120 2,335,10344 · SAXO BANK · ANNUAL REPORT 2009
CAPITAL statementAT 31 DECEMBERSaxo Bank A/S(DKK 1,000)SharecapitalEquitymethodreserveProposeddividendRetainedearningsEquity 1 January 2008 58,982 38,208 90,832 905,029 1,093,051Net profit for the year - 192,267 - 146,950 339,217Exchange rate adjustments - 25,359 - (1,128) 24,231Dividend paid for 2007 - - (90,832) - (90,832)Warrants - - - 21,500 21,500Increase in share capital 186 - - 29,368 29,554Equity 31 December 2008 59,168 255,834 - 1,101,719 1,416,721Net profit for the year - 117,817 - 83,769 201,586Exchange rate adjustments - (5,828) - 48,176 42,348Hedge of net investments in subsidiaries, net of tax - - - 2,340 2,340Warrants - - - 17,500 17,500Increase in share capital 7,345 - - 637,143 644,488Equity 31 December 2009 66,513 367,823 - 1,890,647 2,324,983The share capital increased by 7,344,480 shares with a nominal value of DKK 1 in 2009.As at 31 December 2009, the share capital consisted of 66,512,614 shares with a nominal value of DKK 1, of which 2,928,012are preference shares.TotalSaxo Bank A/S has outstanding warrants as follows:Year of issueAmountissuedExpired/LapsedOutstanding2006 Board of Directors 72,382 (72,382) - 87,73 20092007 Board of Directors 51,364 - 51,364 110,00 20102007 Employees 510,280 - 510,280 110,00 20102007 Employees 1,595,000 (577,500) 1,017,500 110,00 2011-142008 Board of Management 1,770,000 - 1,770,000 159,00 20112008 Employees 307,000 (37,000) 270,000 159,00 20112008 Employees 543,596 - 543,596 159,00 2011-142008 Employees 229,244 - 229,244 159,15 2011-14Total 5,078,866 (686,882) 4,391,984The exercising of warrants issued to employees and Board of Management in 2007 and 2008 is conditional on the presence and performance ofthe holders concerned.StrikePriceExpiryANNUAL REPORT 2009 · SAXO BANK · 45
Page 5 and 6: annual report2009
Page 7 and 8: contentsMANAGEMENT REPORT10 | Revie
Page 13 and 14: cularly in the first half of the ye
Page 15 and 16: equity offering, an online wealth m
Page 17 and 18: FINANCIAL REVIEWSaxo Bank Group rep
Page 19 and 20: Including minority interests, total
Page 21 and 22: ing impact and likelihood based on
Page 23 and 24: to increased price competition, whi
Page 25: takes.Consequently, incorrect or un
Page 31 and 32: OBusiness modelThe strategic direct
Page 33 and 34: knowledge and the infrastructure to
Page 35 and 36: Banco BestIn December 2009, the nex
Page 37: the Marbella office that was establ
Page 40: Peloton, Stage 15,Tour de FranceThe
Page 43 and 44: INCOME STATEMENT1 January - 31 Dece
Page 45: BALANCE SHEETAT 31 DECEMBERSaxo Ban
Page 49 and 50: SolvencyAT 31 DECEMBERSolvency requ
Page 51 and 52: NOTES to the financial statements1
Page 53 and 54: NOTES to the financial statements1
Page 55 and 56: NOTES to the financial statementsSa
Page 61: NOTES to the financial statementsSa
Page 64 and 65: NOTES to the financial statementsNo
Page 66 and 67: NOTES to the financial statementsKE
Page 69 and 70: NOTES - saxo bank risk managementMa
Page 71 and 72: NOTES - saxo bank risk managementCr
Page 73 and 74: NOTES - saxo bank risk managementth
Page 75 and 76: The independent auditors’ reportT
Page 77 and 78: oard of DIRECTORS and board of MANA
Page 80 and 81: COMPANYINFORMATION
Page 82 and 83: AddressesAmsterdamSaxo Bank Nederla
Page 84: Design: PARUP’S ART FORCEProducti

Untitled - Saxo World

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